Regulation 7 Amendment to regulation 12 (contract budget revision)

for paragraph (2) substitute—

“(2)

The Secretary of State—

(a)

may revise a contract budget notice (“a contract budget revision”)—

(i)

in the period after the contract budget notice has been given but before the first CFD notification^f1, further to the allocation round to which the contract budget notice applies, has been given; and

(ii)

in accordance with paragraph (5); but

(b)

must only effect a contract budget revision by a notice (“a contract budget revision notice”) which complies with regulation 13.”.

omit paragraphs (3) and (4);

in paragraph (5) omit “Where this paragraph applies,”.